A special event – the first “Guiping China International Cultural Tourism and Casual Sportswear Festival” – was organized at Mule Town in Guiping, in China’s Guangxi region, on Jan. 1, to mark the start of the development of the Guiping Textile and Garment Industrial Park. The industrial development involves 11 projects, ten of which involve the production of textiles and apparel, for a total investment of 10.7 billion yuan renminbi,(€1.27bn-$1.67bn). The Guiping Textile and Garment Industrial Park is expected to become China’s largest production area for casual sportswear.